April 12, 2011, Amarillo, TX - Amazing Energy Group Inc. is pleased to announce today the following update;

On April 7, 2011 the WWJD #4 well was spudded in Pecos county, Texas. The WWJD #4 is located on a approximate 70,000 acre leasehold block in the Permian Basin that is currently being developed by The Company. There are two shallow wells (up to 2,000ft deep) directly to the north of the WWJD wells which have produced 734,000 mcf and 225,814 mcf, respectfully. In addition, the Cimarex Energy's White & Baker field, directly east of the WWJD wells, have produced 759,514 barrels of oil and continue to produce today at a depth of up to 2,000ft. Management expects its WWJD well to reach a total depth of approximately 2,000ft within the next seven days and is currently negotiating a gas contract. Once the gas contract is completed we will begin the process of laying the gas line to start selling gas from the lease.

Jed Miesner, Chairman & CEO of Amazing, commented, “Pecos County, which is in the Permian Basin , continues to be very attractive with multiple pay zones and the huge discoveries in the immediate area. There has been approximately 15 million barrels of oil produced from the White & Baker and Walker fields being just north and east of the current drill sites.” He also stated that “the Yates field lies just east of the approximate 70,000 acre lease and that field has produced close to a billion barrels of oil!”

Amazing Energy has also entered into a Purchase Sale Agreement to purchase a 320 acre lease in North Texas. The closing will take place on or before May 1, 2011 with the effective date of title being April 1, 2011. The 320 acre leasehold has two producing wells, both oil and natural gas, in a very productive area. The Company plans to recomplete one of the wells as soon as possible and expects to significantly increase production within the next 45 to 60 days. There are also more drillable locations available on the lease to be explored in the future.

Amazing intends to close on four (4) of the seven (7) wells, per its Letter of Intent (LOI) with Petro Pro LTD, within the next two weeks. (3) Of the (4) wells are producing and are located in North Texas being in Palo Pinto and Earth counties. The (4th) well, “The Green well” is expected to be placed on line in the very near future. The well has been recompleted and tested at 200+ mcf with 10 to 25 barrels of oil per day. The gas contract is in place with the gas sales line laid. A sales meter is to be installed within the next few days allowing for production to begin. The other three (3) North Texas wells are producing, both oil and gas, with plans to recomplete one of these wells into an oil zone in the near future.

Commenting further, Mr. Miesner said, “Based on the current production rate, Amazing Energy should see a very short pay out on these wells. The Company will continue to do its due diligence on the remaining wells in the LOI.” Finally, the Mamaw well is one of the remaining LOI wells that is currently being worked on today. The well is located in the Texas panhandle. An “acid job” is being performed to the well with results to follow in the very near term. The well has a 646 acre leasehold with 3 well sites to be developed.

About Amazing Energy Group, Inc.

Amazing Energy Group, Inc. is an independent oil and gas exploration company basedin Amarillo, Texas. The Company primarily engages in the exploration, development,production and acquisition of oil and natural gas properties. Amazing Energy’soperations are currently focused in Texas and Oklahoma. Additional information can be found on the Company’s web site - amazingenergygroup.com

Safe Harbor:

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and under the 'safe harbor' provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts included in this press release are forward-looking statements. Without limiting the foregoing, the words "believe," "anticipate," "plan," "expect," "seek," "potential", "estimate" and similar expressions are intended to identify forward-looking statements. These statements relate to future events or to the Company's future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown uncertainties and other factors which are, in some cases, beyond the Company's control which could, and likely will, materially affect actual results, levels of activity, performance or achievements.Any forward-looking statement reflects the Company's current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity. Such risks, uncertainties and other factors which could impact the Company and the forward-looking statements contained herein are included in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.